APAC Acaricides Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Acaricides Market Analysis
The Asia-Pacific acaricides market is anticipated to register a CAGR of 6.8% during the forecast period. Acaricides are chemical substances that are used to control tick- and mite-borne diseases. These are widely used in agricultural and animal husbandry, industries, and household to protect from mite infestation. Increasing mite infestation in agriculture fields and in urban houses is one of the prime drivers of the market, whereas, government restrictions on acaricides registration and harmful effects of acaricides on human health are the key restraints of the market.
APAC Acaricides Market Trends
This section covers the major market trends shaping the APAC Acaricides Market according to our research experts:
Increasing Ticks and Mites Diversity
The Asia Pacific acaricides market is primely driven by increasing mites and ticks diversity. For example, in India, approximately 106 tick species belonging to two families of Ixodidae and argasidae are reported causing a different kind of disease. Amblyomma testudinarium, Dermacentor auratus, Haemaphysalis bispinosa, H. spinigera, and H. intermedia are some of the most common species found in India. The most popular method used to control these mites is the application of acaricides. Cypermethrin, cyperkill, deltamethrin, and flumethrin are some of the frequently used acaricides in India. Spider mites are very common in China. Etranychus truncatus was the most frequently sampled Tetranychus spider mite, followed by T. pueraricola and T.kanzawai. Application of miticides has become compulsory to reduce the mite infestation, and thus, it became one of the key market aspects.
Agriculture and Animal Husbandry Segment Dominates the Market
Agriculture and animal husbandry are one of the major occupations in countries, like India and China, contributing to the major part of the acaricides market revenue. The main reason behind this is the increasing mite infestation in cereals, vegetables, and fruits crops, and ticks infestation in animals. For example, T.ludeni is very common in crops like cowpea and vegetables like eggplant and okra. Erinose mite, Aceria litchii (Keiffer), also known as hairy mite, hairy spider, or dog ear mite, occurs throughout China, Taiwan Province of China, India, Pakistan, and Australia. These countries are using acaricides effectively to tackle the mite infestation and directly aiding the acaricides market. Household usage and industrial usage are the minor segments contributing to the acaricides market.
APAC Acaricides Industry Overview
The Asia-Pacific acaricides market is moderately consolidated with a few major players in the market. Key players in the Asia-Pacific region include Nissan Chemical Industries Ltd, Bayer AG, BASF SE, and FMC Corporation. Other than the major players, there are many small local players active in the region. The market in the region is witnessing rapid growth in terms of product innovation, with a focus on increasing retail availability of various acaricides products.
APAC Acaricides Market Leaders
Corteva Agriscience
FMC Corporation
Syngenta
Indofil Industries Limites
Nissan Chemical Corporation
*Disclaimer: Major Players sorted in no particular order
APAC Acaricides Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Organochlorine
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5.1.2 Organophosphorus
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5.1.3 Pyrethroid
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5.1.4 Carbamite
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5.1.5 Natural Sources
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5.1.6 Other Product Types
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5.2 Application Type
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5.2.1 Agriculture
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5.2.2 Animal Husbandry
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5.2.3 Household Application
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5.2.4 Industrial
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5.2.5 Other Application Types
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5.3 Geography
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5.3.1 China
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5.3.2 Japan
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5.3.3 India
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5.3.4 Australia
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5.3.5 Rest of Asia Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Nissan Chemical Industries Ltd
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6.3.2 Bayer AG
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6.3.3 BASF SE
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6.3.4 FMC Corporation
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6.3.5 Chemtura Corporation
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6.3.6 Syngenta AG
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6.3.7 Merck & Co. Inc.
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6.3.8 Indofil Industries Limited
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6.3.9 Agsin Pte Ltd
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6.3.10 UPL
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6.3.11 Godrej Agrovet Ltd
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Acaricides Industry Segmentation
Acaricides are chemical agents or that has the ability to kill members of arachnids like mites and ticks. The report contains a detailed analysis of various parameters of the Asia-Pacific acaricides market. It presents the key market trends, drivers, and restraints, along with the competitive landscape. The market is segmented based on product type, application type, and geography.
| Product Type | |
| Organochlorine | |
| Organophosphorus | |
| Pyrethroid | |
| Carbamite | |
| Natural Sources | |
| Other Product Types |
| Application Type | |
| Agriculture | |
| Animal Husbandry | |
| Household Application | |
| Industrial | |
| Other Application Types |
| Geography | |
| China | |
| Japan | |
| India | |
| Australia | |
| Rest of Asia Pacific |
APAC Acaricides Market Research FAQs
What is the current Asia-Pacific Acaricides Market size?
The Asia-Pacific Acaricides Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Acaricides Market?
Corteva Agriscience, FMC Corporation, Syngenta , Indofil Industries Limites and Nissan Chemical Corporation are the major companies operating in the Asia-Pacific Acaricides Market.
What years does this Asia-Pacific Acaricides Market cover?
The report covers the Asia-Pacific Acaricides Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Acaricides Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Acaricides Industry Report
Statistics for the 2024 Asia-Pacific Acaricides market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Acaricides analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
